3/49-51 Colbee CourtPhillip ACT 2606
Property Details for 3/49-51 Colbee Ct, Phillip
Last Listing description (July 2023)
Unit 3/49- 51 Colbee Court offers a fantastic opportunity for an astute investor to secure a in one of Phillip's busiest streets.
The 170 sqm strata unit is located on the first floor of the building which is set along an array of thriving businesses and surrounded by ample parking options for clientele.
The tenant, who has occupied the premises for over a decade, has committed to a 2 year + 2 year + 2 year lease that commenced on 1 March 2023, providing a net return of $45,311.57* + GST per annum with 3% increases under the new lease.
2 year + 2 year + 2 year lease, commenced 1 March 2023
Current net return of $45,311.57* + GST per annum
Long-standing tenant
170sqm strata unit
Prime location on busy street
Wide purpose clause
First floor walk-up
2 x toilets
Ducted Air-conditioning
Available parking in common area
NO STAMP DUTY
No GST applicable (as going concern)
Estimated outgoings:
Body Corporate Levy - $875.30* pq
Rates -$1,773.44* pq
Water & Sewerage - $175.56* pq
Phillip is the center point of the Woden Valley and serves as the major commercial hub for the district.
It houses a vast array of businesses that thrive from its favourable location being surrounded by multiple suburbs with estimated population of 39,300, it also attracts residents for neighbouring districts that take advantage of its prime location in northern Tuggeranong and Weston Creek.
*Approximate
Property History for 3/49-51 Colbee Ct, Phillip, ACT 2606
- 31 May 2023Sold for $575,000
- 18 Apr 2023Listed for Sale By Negotiation
- 26 Oct 2012Listed for Rent - Price not available
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0About Phillip 2606
The size of Phillip is approximately 2.5 square kilometres. It has 17 parks covering nearly 27.4% of total area. The population of Phillip in 2011 was 2,083 people. By 2016 the population was 2,948 showing a population growth of 41.5% in the area during that time. The predominant age group in Phillip is 30-39 years. Households in Phillip are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Phillip work in a professional occupation. In 2011, 39.8% of the homes in Phillip were owner-occupied compared with 38.2% in 2016.
Phillip has 4,499 properties. Over the last 5 years, Houses in Phillip have seen a 52.35% increase in median value, while Units have seen a 52.85% increase. As at 31 October 2024:
- The median value for Houses in Phillip is $628,086 while the median value for Units is $505,142.
- Houses have a median rent of $550 while Units have a median rent of $560.
Suburb Insights for Phillip 2606
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